> If you understood and saw the promise, why didn't you load up? His answer is right there in his original post, he understands the tech, which is cool, but he

> If you understood and saw the promise, why didn't you load up? His answer is right there in his original post, he understands the tech, which is cool, but he doesn't understand money and markets, which is the real reason the entire edifice has any value at all. His observation is akin to being interested in technology purely at the intellectual level, and not understanding how it can serve humanity and fill needs that are desperately unmet in our present paradigm, and people are more than willing to pay to have those needs met. What they already pay to have what we have instead of that is the net economic cost of all states and state controlled financial infrastructure in the world (which, to be clear, I mean all financial infrastructure, because there simply is no such thing as a private unregulated financial instutition outside the bounds of cryptocurrencies), which by comparison make the entire cryptocurrency market cap even now after the rapid appreciation look like the office tea budget. You need to understand both the tech and its utility to markets, and in turn the real utility of markets to humankind, and imho ideally the terrible threat represented by political authority, to do well out of the cryptocurrency wave. All these people that have loaded up without understanding the technology are eventually going to get taken as that technology matures and differentiates between all the available options, and they'll have no idea how to gauge the actual product level value of one relative to another, and they'll transfer value to those that do. You can't win with just one side of the equation.